May 8, 2017, Ontario, Canada - The Ontario Government of Canada and IBM Canada, the Ontario Centres of Excellence and ventureLAB have jointly established the IBM Innovation Space - Markham Technology Information Center for companies worldwide Market development and competition provide the necessary technology and expertise.
IBM Innovation Space - The Markham Technology Information Center is part of the IBM Innovation Incubator (I3) project, which will help SMEs quickly introduce new technologies and products to international customers through IBM's technology resources. This series of technical resources includes cognitive business technology, cloud computing development platform and IBM's physical space and customer network. The I3 project is expected to create more than 2,600 jobs by 2020.
The opening of this innovative space will also promote innovation and cooperation between Canada and China. All along, Ontario and China have worked together to strengthen the technical exchanges between the two sides. In April this year, Reza Moridi, Director of the Ontario Ministry of Research, Innovation and Science, led more than 20 representatives from Ontario companies, research institutes and universities to a four-day visit to China in search of science and technology. Strategic partnership. As the Ontario government’s first delegation headed by the head of the provincial government to visit the Guangdong region, the S&T delegation has established a partnership with a total value of more than 136 million Canadian dollars between Chinese and Ontario companies, including Ontario's SME innovations introduced multiple agreements in the Chinese market.
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Reza Moridi, Director of the Ontario Ministry of Research, Innovation and Science, said: “The Ontario government is committed to promoting innovation through strategic cooperation and helping grow companies in Ontario to scale up. This type of collaborative space is not only for entrepreneurs. Providing expertise and advanced technology that may not have been possible to access, but also helping innovators in our province to test, develop, commercialize their ideas, and access global markets."
Brad Duguid, head of the Ontario Department of Economic Development and Growth, said: "Entrepreneurship and innovation are at the heart of our government's plan to increase employment and economic development. Because of this, we are very excited to support IBM's innovation space for Ontario's Companies provide the necessary assistance to quickly expand their business scale to meet the needs of a highly competitive global economy."
“It’s an exciting news for companies in Markham City. They will get the support, resources and partners they need, and they will,†said Michael Chan, a member of the Provincial Council of Yuen Village in Markham, Ontario. The idea of ​​innovation will be introduced to the market and gain a competitive advantage in the global economy.The establishment of IBM's innovation space will further enhance our city as a future prosperous high-tech center and an ideal place integrating life, work and leisure. reputation."
Dr. Helena Jaczek, member of the Oak Ridge Constituency in Markham, Ontario, pointed out: “Small and medium-sized technology companies often face numerous challenges in developing and developing new products and services. The news announced today will provide these companies with the opportunity to obtain Support and advice from IBM industry experts and access to IBM's network of partners."
Tom Corr, President and CEO of Ontario Center of Excellence, stressed: "IBM Innovation Space - Markham Technology Information Center provides SMEs with state-of-the-art technology that is the subversive of the innovation economy. In addition, the Ontario government, IBM, and the Ontario Center of Excellence will also provide support and guidance to these small and medium-sized enterprises, global network of relationships and major customer resources, which will help SMEs in Ontario expand their scale and expand into the rest of the world. Market."
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Ontario funds $22.75 million for the IBM Innovation Incubator project through the Jobs and Prosperity Fund. In addition, IBM invested 24.75 million Canadian dollars. The total value of the project is 410 million Canadian dollars.
The Ontario Center of Excellence will oversee the operation of IBM's innovative incubator program and coordinate industry partnerships. The Ontario Centre of Excellence serves as a provincial coordinator and member of the Ontario Network of Entrepreneurs, and promotes business-led innovation through collaboration with industry, academia, and government.
Studio1Labs is a startup company that has applied IBM Watson artificial intelligence technology through IBM Innovation Space - Markham Technology Information Center. The company developed bed sheets that use a fabric sensor to monitor the baby's breathing changes to save the baby's life.
The IBM Innovation Incubator program includes other innovation spaces also located in Ontario, such as the Digital Media Zone (DMZ) and MaRS Innovation Center in Toronto.
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